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During 1985 Barclays Bank and Barclays Bank International merged, [34] and as part of the corporate reorganisation the former Barclays Bank plc became a group holding company, [21] renamed Barclays Group Plc, [34] and UK retail banking was integrated under the former BBI, and renamed Barclays Bank PLC from Barclays Bank Limited. [21]
One Churchill Place is a 156 m tall skyscraper with 32 floors, serving as the headquarters of Barclays Bank. It is in the Docklands area of London Borough of Tower Hamlets in Canary Wharf . The building is the 13th-tallest office block in the United Kingdom and the sixth tallest building in the Docklands.
The Woolwich Equitable Building Society demutualised in 1997, giving up its mutual status to become a bank: Woolwich PLC was formed, giving shares to investing and borrowing members of the society, and listing on the London Stock Exchange. [5] In August 2000, Barclays took over Woolwich PLC in a £5.4bn acquisition.
Barclays Bank Plc in 2018 owned 14.9 percent of Absa Group Limited. [34] In March 2018, Barclays Africa announced the group's name would revert to Absa Group Limited, effective 30 May 2018. [ 35 ] The company underwent rebranding in 2018, inclusive of a new logo and slogans.
In 1979 the bank's name was changed to the Union Bank of Nigeria plc, to reflect the change in its ownership structure. In the early 1990s the Nigerian Government started a policy of privatization of state owned assets, which resulted in 1993 in both the Government and Barclays selling their remaining stakes in the bank to the public at large ...
In 2016, Barclays Bank Plc, which owned 62.3 percent of Barclays Africa Group (BAG), the then parent company of Absa Bank Limited (the South African subsidiary), decided to divest its majority shareholding in BAG, worth £3.5 billion at that time. [8] In 2017 Barclays reduced its shareholding in BAG to 14.9 percent.
With the liberalization of the economy in the 1990s, Barclays Bank Plc re-entered the country, resuming business in 2000. [ 8 ] As at March 2016, Barclays Bank Plc. was seeking regulatory approval in Tanzania to merge this bank with National Bank of Commerce (Tanzania) in which Barclays maintains 55% shareholding.
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